The Kraft Heinz Company announced the issuance of senior notes in both USD and Euro denominations.
On February 25, 2025, its subsidiary, Kraft Heinz Foods Company, issued $500 million in 5.200% Senior Notes due 2032 and $500 million in 5.400% Senior Notes due 2035, both guaranteed by The Kraft Heinz Company. These notes were issued under an effective shelf registration statement and pursuant to a Twelfth Supplemental Indenture.
Additionally, Kraft Heinz Foods Company issued €600 million in 3.250% Senior Notes due 2033, also guaranteed by The Kraft Heinz Company. These notes were issued under a Thirteenth Supplemental Indenture.
The proceeds from these offerings will be used for general corporate purposes, potentially including debt repayment. The company entered into underwriting agreements with major financial institutions such as Citigroup, Deutsche Bank, J.P. Morgan, and Wells Fargo for the USD notes, and with Citigroup Global Markets Limited, Deutsche Bank AG, Goldman Sachs, and J.P. Morgan Securities for the Euro notes.
Legal opinions regarding the validity of these notes were provided by McGuireWoods LLP and Gibson, Dunn & Crutcher LLP.
2025-02-26
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